Gov’t needs guidance from miners
The Canadian mining and exploration industry has taken a beating these past four years, as development and exploration programs are sparse for juniors, the lifeline of mineral development. Some form o…
News
CDNX posts record trading volumes, sets new high
The Canadian Venture Exchange finished the week ended Feb. 1 by gaining 132.09 points, or 4.74%, to close at an all-time high of 2,917.91. The small-cap exchange is up 24% on record trading volumes so…
EVENTS (February 07, 2000)
Feb. 8-10 Int’l Investment Conferences — “Investing in Africa Mining Conference — Indaba 2000.” Cape Sun Intercontinental Hotel, Cape Town, South Africa. Tel: (305) 669 1963. Fax: (305) 669 7350.Feb…
Regulators probe Bull River
Geologists from the British Columbia Geological Survey have cast doubt on the veracity of impressive gold grades reported by the two private companies developing the Bull River underground mine near C…
Vaaldiam eyes SouthernEra properties
Vaaldiam Resources (VRL-V) has optioned three South African diamond projects from SouthernEra Resources (SUF-T).The Toronto-based junior can earn 70% interests in the Makoppa, Mooikloof and Prieska pr…
Development slows in Latin America
In 1999, companies with significant exploration programs budgeted a total of $126.6 million on advanced Latin American gold projects — 32% less than in the previous year.Gold resources under developm…
METAL PRICES (February 07, 2000)
BASE METALS (London Metal Exchange-Midday official cash/3-month prices, US$ per tonne)DateFeb. 1Jan. 31Jan. 28Jan. 27…
Partners continue work
Australian junior Cratonic has now earned a 51% interest from Consolidated Trillion Resources (TLQ-T) and Nickelodeon Minerals (NKM-V) in the Nguble diamond exploration project in Zimbabwe.R…
Platinum and palladium flirt with US$500-per-oz. level
Platinum and palladium took centre-stage during the Jan. 26-Feb. 1 report period, owing to uncertainty surrounding export quotas for the Noril’sk complex in Siberia that had yet to be signed by Russia…
Champion’s Farim project takes shape
Champion Resources (CHL-V) has received encouraging results from 17 core holes drilled at its Farim phosphate project in Guinea-Bissau, the West African country sandwiched between Senegal and Guinea.T…
Miners optimistic at dawn of 1950
The first months of 1950 were ones of optimism. Production and dividends from Canadian mines were up, as was exploration diamond drilling. Claim-staking in Ontario, Quebec and the Northwest Territorie…
Queenstake eyes Magistral as low-cost producer
As smaller gold producers continue to struggle with gold prices below US$300 per oz., Denver-based Queenstake Resources (QRL-T) remains confident it can make the jump to production from exploration by…